Fuel Fix

KBR Tower in downtown Houston (AP file photo/Pat Sullivan)

Federal budget cuts could hit energy companies

Houston energy companies could be among those hit hard by more than $800 million in upcoming federal budget cuts.  More »

Heritage Oil buys stake in Nigerian field from Shell, Total

Heritage Oil Plc bought a stake in Nigerian oil fields from Royal Dutch Shell Plc and Total SA for $850 million to bolster production.  More »
Cheniere Energy Partners' LNG import terminal on the Louisiana side of Sabine Pass. (Photo: Cheniere Energy)

Lawmakers: Speed up natural gas exports

Lawmakers from areas rich in shale gas bounty worry that a boom in drilling is jeopardized by low natural gas prices. The answer, they say, is exporting liquefied natural gas.  More »
A large sign is seen in the front Sunoco'S Eagle Point refinery in National Park, N.J. (AP Photo/Mel Evans)

Carlyle, Sunoco agree to joint venture for refinery

Sunoco Inc. (SUN) and Carlyle Group agreed to form a joint venture to keep the oldest continually operating refinery on the U.S. East Coast open.  More »
This 300-foot derrick is on the Kulluk, a drilling rig sailing toward Alaska. Shell has sued environmental organizations that oppose its Arctic drilling plans. Photo: Jennifer A. Dlouhy / HC

Shell moves to pre-empt Arctic drilling challenges

During Shell’s seven-year, $4.5 billion quest to search for oil under Arctic waters, environmentalists have put the company on the defensive by challenging government-issued drilling approvals and permits in federal court.  More »
(Photo: BFS Man)

Steffy: Peril dead ahead for power market

With each passing day of summer, the deregulated electricity market looks more like the Titanic.  More »
Union Pacific is upgrading Houston's huge Englewood Yard. The company has added 785 Texas employees this year, largely to respond to the booming Eagle Ford Shale in South Texas. Photo: Nick De La Torre / © 2012 Houston Chronicle

Nation’s energy transportation getting a revamp

The nation’s energy transportation network is undergoing a multibillion-dollar overhaul, as oil and natural gas production surges in new regions of the country.  More »
Trustees there received a proposal earlier this year to lease cemetery mineral rights for $140,000 plus a percentage of any royalties for any oil and gas, raising a tricky question: Are cemeteries a proper place for drilling? (AP Photo/The Vindicator, Robert K. Yosay)

Gas under cemeteries raises money, moral questions

Loved ones aren’t the only thing buried in the 122-year-old Lowellville Cemetery in eastern Ohio. Deep underground, locked in ancient shale formations, are lucrative quantities of natural gas.  More »
The 2012 Honda Civic Natural Gas car, named Green Car of the Year for 2012, is displayed after its unveiling at press preview day for the Los Angeles Auto Show. Fill 'er up _ with natural gas. High pump prices are encouraging GM and Chrysler to roll out pickups that run on natural gas, which is plentiful and cheap in the U.S..  Here's a look at what models are coming, what's already out there and where to go to fill up. (AP Photo/Reed Saxon, File)

Ala. couple opts for natural gas car

When Jay and Tana Stuman need to fill up their gas tank, they head for the pump in their garage at home, plug it into their Honda Accord and fill’er up with compressed natural gas.  More »
An Iranian oil worker repairs a pipe at an oil refinery in Tehran, Iran. The latest U.S. sanctions to be imposed on Iran have not only unveiled the depth of the country's economic woes, but exposed new fault lines within the government just two months before parliamentary elections that should bolster the control of the ruling clerics. (AP Photo/Vahid Salemi, File)

Iran-oil sanctions risk biggest OPEC export loss since Libya

European Union sanctions on Iran entered into full force yesterday after exemptions on some contracts and insurance ended, adding pressure on crude prices to rise and on the Persian Gulf nation to halt its nuclear- enrichment program.  More »
This drilling rig is working in the South Texas Eagle Ford where EOG Resources had been active.  Photo: Courtesy Photo / HC

EOG Resources gains most in eight months as oil climbs

EOG Resources Inc. (EOG), the largest leaseholder in Texas’ Eagle Ford shale formation, rose the most in almost eight months as oil prices surged.  More »
Oil workers at the West Qurna Phase 2 field in the Basra region of Iraq in 2010.  (AP file photo/Nabil al-Jourani)

Iraq’s oil revenues drop by 17.6 percent in June

Iraq’s oil revenues dropped by 17.6 percent from May to June due to plummeting prices in the international market and the diversion of some production to meet domestic needs, the government said Monday.  More »